scholarly journals Risk Management Analysis of Follow-up Audit in the Construction Stage of Construction Projects

2021 ◽  
Vol 2 (2) ◽  
Author(s):  
Yongjun Luo
Keyword(s):  
Risk Factors ◽  
Risk Management ◽  
Project Management ◽  
Construction Industry ◽  
Construction Projects ◽  
Construction Project ◽  
Construction Project Management ◽  
Construction Process ◽  
Construction Stage

The construction project serves as one of the most important projects in the construction industry. The high cost and the particularity in the implementation generate high risks in the investment and construction process. Over the years, the development of construction project management methods has promoted the management of risk factors. This paper reviews the suggestions of risk management of follow-up audit in construction stage and evaluates its application in construction projects.

Fuzzy Analytic Hierarchy in Project Risk Management - New Stadium Construction Project in Weifang City

2011 ◽  
Vol 243-249 ◽  
pp. 6362-6368
Author(s):  
Yan Zhang ◽  
Chang Jiang Liu
Keyword(s):  
Risk Management ◽  
Project Management ◽  
Construction Projects ◽  
Large Scale ◽  
Construction Project ◽  
Construction Project Management ◽  
Analytic Hierarchy ◽  
Project Risk ◽  
Management Case Study

In the field of engineering and construction, unqualified construction quality, time delays, cost more than expected phenomena to occur. Because of these characteristics such as its large-scale construction projects, long cycle, the production of single and complex, there is greater risk than the production of general products, the risk increases the difficulty of construction project management, operating costs and the possibility of potential losses, therefore, risk management emerged and become an increasingly important integral part of project management. In this paper, fuzzy analytic hierarchy be used to construction project risk assessment, and to order the sort of each risk in order to prevent significant risks. On an actual project - the new stadium construction in Weifang City risk management case study, the reduction of risk of project failure is expected, but also the project is hoped for other industries to provide some reference for risk management.

Developing a Model for Risk and Responsibility Management Share Amongst Stakeholders Consortium in Construction Projects

2013 ◽  
Vol 684 ◽  
pp. 639-643 ◽  
Author(s):  
Alireza Ghaffari
Keyword(s):  
Risk Factors ◽  
Risk Management ◽  
Construction Industry ◽  
Construction Projects ◽  
Construction Project ◽  
Significant Risk ◽  
Interest Rate Risk ◽  
Extensive Literature ◽  
Productivity Cost ◽  
Management Techniques

The construction project is a complex sector which characterized with low productivity, cost and time overruns and conflicts. The major challenges in construction project risk assessment which may attributed to knowledge requirements for determining the level of uncertainty and development of complex models to predict . Portfolio theory and capital market theory stipulate that risk consists of two types, First, systematic risk, which cannot be controlled, emanates from external factors such as acts of God, natural disasters, market risk, interest-rate risk, and purchasing-power risk. Second, unsystematic risk, which can be controlled, relates to organization-specific factors such as business risk and financial risk (Fischer and Jordan 1996).) . To identifies the risk factors that influence the cost-effective management, operation, and maintenance of construction project, as well as how and when in the project life cycle the identified risk factors impact to the associated costs . The identification and design of risk is the first step of risk management. It contain the recognition of potential risk event conditions in a project and the clarification of risk responsibilities. A total of 50 risk factors on construction for stake holders (client , contractor ,consultant ) share projects were identified after conducting an extensive literature survey. A questionnaire survey was conducted from 60 project managers(20 from each category) in all three proficiencies with background experience in buildings ,road and bridges with minimum 15 years experience , to identify the most significant risk factors impact in construction projects . Interviews were conducted face to face, ensuring a 100 percent response rate. The questionnaire was amended by incorporating feedback of the experts to suit the local environments of the construction industry. The weight or rate of each risk factor gained by using a five-point Liker scale from a consolidated conceptual framework of all 50 risk factors identified from the deep literature work . The main aim of these research is to identify ,categorize and ranking common risks, exert management techniques to address those risks , effective risk management and risk status in the construction industry and to help stakeholders to take stock of their ongoing and future projects, with a focus on important risks, their management techniques and barriers to effective implementation of risk management systems.

Actual Trends in Construction Project Management in Romania

2017 ◽  
Vol 21 ◽  
pp. 587-595 ◽  
Author(s):  
Ion Șerbanoiu ◽  
Marina Verdeș ◽  
Adrian Alexandru Şerbănoiu ◽  
Bogdan Vasile Șerbanoiu ◽  
Mihaela Munteanu
Keyword(s):  
Project Management ◽  
Construction Industry ◽  
Construction Projects ◽  
Code Of Ethics ◽  
Construction Project ◽  
Construction Project Management ◽  
Professional Conduct ◽  
Current Trends ◽  
Professional Project ◽  
Tools And Techniques

The current trends in the construction industry, considering the magnitude and complexity of construction projects required the development of an appropriate methodology in the design, commissioning work and completion of works. The objective imposed creation of the "Office of Project Management" and all processes, tools and techniques of project management respects besides applicable standards and legislation construction, also imposed code of ethics and professional conduct of the PMI that guides practitioners professional project management, construction engineers, installers, architects etc. and describes the expectations that they have of themselves and of others.

scholarly journals EXPLORING THE USAGE OF DIGITAL TECHNOLOGIES FOR CONSTRUCTION PROJECT MANAGEMENT

2021 ◽  
Vol 19 (17) ◽  
Author(s):  
Yew-Hou Tung ◽  
Fah-Choy Chia ◽  
Felicia Yan-Yan Yong
Keyword(s):  
Project Management ◽  
Pilot Study ◽  
Real Estate ◽  
Construction Industry ◽  
Construction Projects ◽  
Online Survey ◽  
Construction Project ◽  
Digital Technologies ◽  
Primary Objective ◽  
Construction Project Management

Digital technologies have recently started to enter the construction industry, gradually changing how infrastructure, real estate and other built assets are designed, constructed, operated and maintained. Being among the least digitalized sectors, it is predicted that digital technologies will substantially increase the productivity, decrease the costs, and improve site safety of construction projects. Thus, the primary objective of this pilot study is to explore the usage of digital technologies for the 12 components of construction project management. A total of 32 respondents participated in the online survey. The results indicate that the usage of digital technologies was significantly higher in the management of scheduling, documenting, designing, and assigning costs. The aspects for digitalized safety, stakeholders, equipment, and materials are room for further improvement.

scholarly journals RISK MANAGEMENT IN PROJECTS: PECULIARITIES OF LITHUANIAN CONSTRUCTION COMPANIES / RIZIKOS VALDYMAS PROJEKTUOSE: LIETUVOS STATYBOS ĮMONIŲ SAVITUMAI

2011 ◽  
Vol 15 (1) ◽  
pp. 60-73 ◽  
Author(s):  
Nerija Banaitienė ◽  
Audrius Banaitis ◽  
Artūras Norkus
Keyword(s):  
Risk Management ◽  
Project Management ◽  
Construction Projects ◽  
Construction Project ◽  
Critical Factor ◽  
Construction Project Management ◽  
Construction Companies ◽  
Use Of Resources ◽  
Risk Management Process ◽  
Negative Impacts

Risk analysis and management is nowadays a critical factor to successful construction project management, as construction projects tend to be more complex, dynamic, always unique, and competition increasingly tougher. risk management helps the project participants—client, contractor or developer, consultant, and supplier—to meet their commitments and minimize negative impacts on construction project scope, cost, schedule (and quality, as a Result). The benefits of the risk management process include identifying and analyzing risks, and improvement of construction project management processes and effective use of resources. This paper reports the research that aims to discover how construction companies perceive the significance of the construction projects risks they face and the extent to which they employ potential risk responses. Santrauka Šiandien rizikos analizė ir valdymas yra svarbūs sėkmingam statybos projektų valdymui, nes statybos projektai tampa vis sudėtingesni, dinamiškesni, visada unikalūs, o konkurencija tarp statybos bendrovių taip pat didėja. Rizikos valdymas padeda projekto dalyviams—užsakovui, plėtotojui, rangovui, konsultantui ir tiekėjui—vykdyti savo įsipareigojimus ir sumažinti neigiamą taką statybos projekto apimčiai, išlaidoms, tvarkaraščiui ir kokybei kaip rezultatui. Rizikos valdymo proceso metu sistemingai nustatomi, analizuojami ir reaguojama į potencialius rizikos veiksnius, todėl statybos projektai valdomi efektyviau, veiksmingai naudojami ištekliai. Šiame straipsnyje trumpai pristatomas tyrimas, kuriuo siekiama sužinoti, kaip statybos bendrovės suvokia statybos projektų rizikos veiksnius, su kuriais jiems tenka susidurti, ir kokią reagavimo strategiją ir atsakomuosius veiksmus jos renkasi.

scholarly journals Exploitation of cloud computing in management of construction projects in Slovakia

2016 ◽  
Vol 8 (1) ◽  
pp. 1456-1463 ◽  
Author(s):  
Tomáš Mandičák ◽  
Peter Mesároš ◽  
Mária Kozlovská
Keyword(s):  
Cloud Computing ◽  
Project Management ◽  
Construction Industry ◽  
Construction Projects ◽  
Construction Project ◽  
Software As A Service ◽  
Construction Project Management ◽  
It Services ◽  
Construction Enterprise ◽  
Construction Enterprises

Abstract The issue of cloud computing is a highly topical issue. Cloud computing represents a new model for information technology (IT) services based on the exploitation of Web (it represents a cloud) and other application platforms, as well as software as a service. In general, the exploitation of cloud computing in construction project management has several advantages, as demonstrated by several research reports. Currently, research quantifying the exploitation of cloud computing in the Slovak construction industry has not yet been carried out. The article discusses the issue of exploitation of cloud computing in construction project management in Slovakia. The main objective of the research is to confirm whether factors such as size of construction enterprise, owner of construction enterprise and participant of construction project have any impact on the exploitation level of cloud computing in construction project management. It includes confirmation of differences in use between different participants of the construction project or between construction enterprises broken down by size and shareholders.

scholarly journals Integrating sustainability into construction project management: Barriers in developing countries

2019 ◽  
Author(s):  
Ali Fathalizadeh ◽  
Parviz Ghoddousi ◽  
Ali Akbar Shirzadi Javid ◽  
M. Reza Hosseini ◽  
Arka Ghosh
Keyword(s):  
Developing Countries ◽  
Project Management ◽  
Construction Industry ◽  
Construction Projects ◽  
Management Practices ◽  
Construction Project ◽  
Construction Project Management ◽  
Policy Makers ◽  
Importance Index ◽  
Development Goals

This paper is an attempt to explore the barriers to integrating sustainability into construction project management in developing countries. To this end, a comprehensive review of the literature is conducted, as a result of which a list of 30 barriers is culled from existing studies. The list of barriers is subsequently assessed in terms of relative importance index (RII) through a survey questionnaire administered to Iranian construction industry experts, resulting in a dataset of 176 completed questionnaires. Findings bring to light the most influential barriers to incorporating sustainability in construction projects for a developing country. These were: (1) lack of understanding of the potential selfbenefits of proactivity and high economic risks that unsustainable practices may carry, (2) inadequate assessment of risks and a silo-based approach, namely, insufficient cooperation among practitioners, research institutions and environmental organisations and (3) the lack of a systematic approach to planning and acting for the fulfilment of sustainability goals. As one of the first studies in its kind, the paper offers invaluable insight for researchers, practitioners, and policy makers, in supporting the transition of construction project management practices towards fulfilling sustainable development goals.

Risk Management in Oil Refinery Construction Projects

2013 ◽  
Vol 411-414 ◽  
pp. 2313-2316 ◽  
Author(s):  
Alexander Ginzburg ◽  
Alexey Khripushin
Keyword(s):  
Risk Management ◽  
Organizational Change ◽  
Project Management ◽  
Comparative Analysis ◽  
Construction Projects ◽  
Construction Project ◽  
Oil Refinery ◽  
Construction Project Management ◽  
Project Management Office ◽  
Excessive Number

This paper describes the principles of risk management during organizational change at the oil refinery with the use of comparative analysis. Authors demonstrate the effectiveness of risk management of insufficient / excessive number of staff in the construction Project Management Office .

scholarly journals The Risk Management Mode of Construction Project Management in the Multimedia Environment of Internet of Things

2021 ◽  
Vol 2021 ◽  
pp. 1-8
Author(s):  
Hai Xie ◽  
Zhihui Yang
Keyword(s):  
Project Management ◽  
Internet Of Things ◽  
Construction Industry ◽  
Construction Projects ◽  
Construction Project ◽  
The Internet ◽  
Construction Project Management ◽  
Construction Period ◽  
Multimedia Environment ◽  
The Internet Of Things

The construction industry is the pillar industry of China’s national economy. According to the statistics of the National Bureau of Statistics, the GDP in 2016 was 744.127 billion yuan, while the total construction output value was 193.567 billion yuan, accounting for 6.5 percent of China’s GDP. The construction industry has played a pivotal role in promoting social development. Construction projects have always belonged to typical high-risk industries, and they will be affected by many factors, and these factors are mostly from the social environment and the natural environment, which makes it difficult to realize the expected construction period, cost, quality, safety, etc., of the construction project. The objectives, especially for large- and medium-sized construction projects, involve a lot of specialties, a wide range, a long construction period, and a huge amount of investment. Once the risks appear, the consequences are unimaginable. In addition, construction projects will be affected by accidental factors during the implementation process. If not handled in time, it will seriously affect the normal operation of construction projects. In view of the above problems, this article aims to study the risk management research of construction project management under the multimedia environment of the Internet of Things. Combining the characteristics of mobile construction projects, various problems are analyzed in the construction process of construction projects. This paper proposes a multimedia-based construction project management system, construction project quality management objectives and principles, and schedule risk prediction. The experimental results of this paper show that taking the construction project under the multimedia environment as an example, the communication management and quality control management of the construction project under the multimedia environment are studied. Through the combination of theory and practice, the work of construction projects under the multimedia environment of the Internet of Things is guaranteed to be completed on time and with high quality.

scholarly journals Identification of geodetic risk factors occurring at the construction project preparation stage

2019 ◽  
Vol 9 (1) ◽  
pp. 14-17 ◽  
Author(s):  
Magdalena Kowacka ◽  
Dariusz Skorupka ◽  
Artur Duchaczek ◽  
Paweł Zagrodnik
Keyword(s):  
Risk Factors ◽  
Construction Projects ◽  
Expert Knowledge ◽  
Construction Project ◽  
Road Construction ◽  
Construction Process ◽  
The Road ◽  
Initial Stage ◽  
Preparation Stage

AbstractThe work contains information on the implementation of surveying works in the road construction process. The aim of the research was to identify geodetic risk factors occurring at the stage of preparation of a construction project, the presence of which can greatly disrupt the undertaking such as the road construction. The research was carried out on the basis of expert knowledge, documentation obtained from various road construction projects and the analysis of disturbances at the initial stage of works.

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